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<br />200602770
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<br />D. When the TRUSTEE sells the trust property pursuant to the powers granted herein, the
<br />TRUSTEE shall apply the proceeds from the sale of such property in the following order of
<br />priority:
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<br />(1 ) To the cost and expense of exercising the power of sale and of the sale, including
<br />attorney fees, evidence of title and other sale expenses, and a trustee's fee not to
<br />exceed four percent (4%) of the gross sale price;
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<br />(2) To the payment of the obligation secured by this Deed of Trust and Trust Deed
<br />Note;
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<br />(3) To the payment of junior Trust Deeds, mortgages, or other lienholders;
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<br />(4) The balance, if any, to the person or persons legally entitled thereto.
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<br />E. Upon the occurrence of any default hereunder, BENEFICIARIES shall have, in addition to
<br />such other options as may be granted herein, the further option to foreclose this Deed of
<br />Trust in the manner provided by law for foreclosures of mortgages on real property.
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<br />F. BENEFICIARIES may from time to time substitute a successor or successors to any
<br />TRUSTEE named herein or acting hereunder. Upon such appointment, and without
<br />conveyance to the successor TRUSTEE, the latter shall be vested with all title, powers, and
<br />duties conferred upon any TRUSTEE herein named or acting hereunder. Each such
<br />appointment and substitution shall be made by written instrument and executed by
<br />BENEFICIARIES, containing reference to this Deed of Trust and its place of record, which,
<br />when recorded in the office of the Register of Deeds of the county or counties in which said
<br />property is situated, shall be conclusive proof of proper appointment of the successor
<br />TRUSTEE. The foregoing power of substitution and the procedure therefor shall not be
<br />exclusive of the power and procedure provided for by law for the substitution of a
<br />TRUSTEE in the place of the TRUSTEE named herein.
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<br />G. TRUSTOR covenant and agree that upon any attempted conveyance, assignment, pledge or
<br />transfer of any of his interest in the premises during the term of the loan secured hereby, the
<br />BENEFICIARIES shall have the option of declaring the unpaid balance immediately due
<br />and payable, and if said sum remains unpaid for fifteen (15) days thereafter,
<br />BENEFICIARIES can cause Notice of Default to be given and the premises be sold as
<br />provided herein.
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<br />H. As additional and collateral security for the loan, and effective forthwith upon filing of a
<br />Notice of Default, this instrument shall serve as an assignment by the TRUSTOR to the
<br />TRUSTEE, of all rents and revenues resulting from the property, and TRUSTEE is
<br />authorized to take possession ofthe property, rent or lease the same on terms he deems best
<br />and to collect the rents and revenues and apply the same upon unpaid interest, principal,
<br />taxes or insurance premiums or for maintenance and preservation ofthe premises.
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<br />I. The waiver by TRUSTEE or BENEFICIARIES of any default of TRUSTOR under this
<br />Deed of Trust, on one occasion, shall not be or be deemed to be a waiver of any other or
<br />similar defaults subsequently occurring.
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<br />1. If title to any part of the property herein shall be taken in condemnation proceedings, by
<br />right of eminent domain, or similar action, or shall be sold under threat of condemnation, all
<br />awards, damages a.'1d proceeds are hereby assigned and shall be paid to the
<br />BENEFICIARIES, who shall apply such payment, or any part thereof, in their sole
<br />discretion, to the sum due at that time on this Deed of Trust and Trust Deed Note, with any
<br />balance above the amount due hereunder payable to the TRUSTOR.
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<br />K. The BENEFICIARIES, their agents or representatives, are hereby authorized to enter, at any
<br />reasonable time, upon any part of the trust property for the purposes of inspecting the same
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